De Grauwe, Paul; Ji, Yuemei - In: Journal of International Money and Finance 34 (2013) C, pp. 15-36
We test the hypothesis that the government bond markets in the Eurozone are more fragile and more susceptible to self … peripheral Eurozone countries during 2010–11 was disconnected from underlying increases in the debt to GDP ratios and fiscal … 2010. We argue that this can drive member countries of the Eurozone into bad equilibria. We also find evidence that after …